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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Eagle who wrote (119219)	7/28/2004 10:21:18 AM
From: hotlinktuna	Respond to of 208838

Maybe Eagle...btw news on MOBL .262 +.036 ....Welcome, onlinvestrrr [Sign Out] Money Manager - My Yahoo! View - Customize Financial News Enter symbol(s) BasicPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup Press Release Source: MobilePro Corp. MobilePro Corp. Signs Term Sheet for $30M in Non-Convertible Debt Financing Wednesday July 28, 9:08 am ET Financing Positions Company to Realize Goal of $120M in Annualized Revenue by December 2004 BETHESDA, Md., July 28 /PRNewswire-FirstCall/ -- MobilePro Corp. (OTC Bulletin Board: MOBL - News) announced today the company has signed a term sheet with a prominent Dallas, Texas-based institutional investor for $30 million in non-convertible debt financing. Over the past several months, the new management team has signed letters of intent to acquire strategic opportunities in the ISP, CLEC and long distance markets in pursuit of becoming a world-class global provider of voice and data communication services. (Logo: newscom.com ) Jay Wright, MobilePro's president and CEO, said, "We believe this financing represents a major validation of our business strategy by some of the smartest money on Wall Street. It also serves, in our view, as a landmark victory for our shareholders by allowing us to avoid issuing new shares to fund our larger transactions. We look forward to finalizing this transaction and enjoying a long, productive relationship with our new institutional investor." Kevin Kuykendall, MobilePro's president of telco operations, said, "Not only does the non-convertible debt substantially reduce the dilution for our current shareholders, it also allows us to diversify our sources of capital for future transactions. Being able to secure additional sources of funding from a top Wall Street institutional investor should send a strong message to our shareholders and Wall Street that MobilePro is on the right track." The transaction, which is subject to the signing of definitive agreements and customary closing conditions, is expected to close in the third quarter of 2004. The terms of the transaction were not disclosed. About MobilePro Corp. MobilePro Corp. is a wireless technology and broadband telecommunications company based in Bethesda, Maryland with operations in Hurst, Houston, Dallas and Beaumont, TX; Shreveport, LA; Kansas City, MO; Coshocton, OH and Janesville, WI. The company is focused on creating shareholder value by developing innovative wireless technologies, acquiring and growing profitable broadband telecommunications companies and forging strategic alliances with well-positioned companies in complementary product lines and industries. Since January 2004, MobilePro Corp. has announced letters of intent representing over $76 million in annualized revenue and has closed transactions representing over $11 million in annualized revenue. An investment profile about MobilePro Corp. may be found online at hawkassociates.com For more information, contact MobilePro CEO Jay Wright at (301) 315-9040. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, email: info@hawkassociates.com. Detailed information about MobilePro can be found on the website mobileprocorp.com. An online investor kit including copies of MobilePro press releases, current price quotes, stock charts and other valuable information for investors may be found on the website hawkassociates.com. This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward- looking statements, including the Company's ability to obtain future financing on favorable terms, changes in the wireless and telecommunications industries that compel the Company to alter its present business strategy, the Company's ability to attract management capable of implementing the Company's existing or future business strategy and the risk factors set forth in the Company's SB-2 registration statement. Results actually achieved may differ materially from expected results included in these statements as a result of these factors or others. -------------------------------------------------------------------------------- Source: MobilePro Corp. Investors like the lack of dilution! tuna